Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.034%
Price spread now: OKX against SunX−0.033%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$197as in the Funding arb table
Net, price: spread back to 7d avg − costs−$187as in the Price arb table
costs, in and out, $10k−$1871.872% of the position
Funding, last 7 days−0.094%−$9 on $10k
+Price spread, last 3 days (all we have)+0.202%+$20 · spread now −0.033%, 7d avg −0.031%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX RAY-USDT | 1.8144 | 0.0100 | pay 0.0050% / 4h | 2h 00m | — | $2.6M | 10x |
| Short | OKX RAY-USDT-SWAP | 1.8138 | 0.0100 | get 0.0100% / 8h | 2h 00m | $4.6M | $13.1M | 20x |
SunX RAY-USDT
OKX RAY-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against SunX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.033% → −0.031%
- −$0.18
- Slippage, 4 orders
- −$169.24
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$187.42
- Costs to cover
- 1.872%
- Break-even
- never at this rate
Slippage from SunX: live order book, 7 min ago; OKX: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy SunX live order book, 7 min ago | 45.61 bp | 64.1 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.55 bp | 24.3 bp −$24 | 160.9 bp −$1,609 | doesn't fit | doesn't fit |
RAY on 16 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_RAYUSD | −0.0047% | 1h | 1.8104 | −0.218% | $97K | $453K | 10x | as long as short |
| gTrade (Gains Network) RAY/USD | L +0.0001% / S +0.0056% | 1h | 1.8148 | +0.022% | $1K | — | 150x | as long as short |
| Injective RAY/USDC PERP | +0.0033% | 1h | 1.6428 | −9.458% | $266 | $25 | 5.5x | as long as short |
| MEXC RAY_USDT | +0.0050% | 8h | 1.8149 | +0.028% | $13.3M | $2.5M | 100x | as long as short |
| OKX RAY-USDT-SWAPshort | +0.0100% | 8h | 1.8138 | −0.033% | $4.6M | $13.1M | 20x | |
| Gate RAY_USDT | +0.0100% | 4h | 1.8150 | +0.033% | $574K | $1.1M | 25x | as long as short |
| KuCoin RAYUSDTM | +0.0100% | 4h | 1.8153 | +0.050% | $2.0M | $774K | 50x | as long as short |
| Bitget RAYUSDT | +0.0100% | 4h | 1.8152 | +0.044% | $2.6M | $3.4M | 25x | as long as short |
| BingX RAY-USDT | +0.0100% | 4h | 1.8157 | +0.072% | — | $2.0M | — | as long as short |
| Variational Omni RAY | +0.0100% | 4h | 1.8155 | +0.059% | $712K | $1.1M | — | as long as short |
Kraken Futures PF_RAYUSD
gTrade (Gains Network) RAY/USD
Injective RAY/USDC PERP
MEXC RAY_USDT
Gate RAY_USDT
KuCoin RAYUSDTM
Bitget RAYUSDT
BingX RAY-USDT
Variational Omni RAYShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bullet RAY-USD | +0.0100% | 1h | 1.8158 | +0.075% | $107K | $47K | 10x | as long as short |
| SunX RAY-USDTlong | +0.0100% | 4h | 1.8144 | long leg | — | $2.6M | 10x | |
| HTX RAY-USDT | +0.0100% | 4h | 1.8139 | −0.028% | $15K | $143K | 20x | as long as short |
| BloFin RAY-USDT | +0.0220% | 8h | 1.8139 | −0.028% | $257K | $855K | 20x | as long as short |
| Orderly PERP_RAY_USDC | +0.0429% | 4h | 1.8170 | +0.143% | $252K | $250K | 10x | as long as short |
| Lighter RAY | +0.0504% | 1h | 1.8181 | +0.204% | $297K | $267K | 5x | as long as short |
Bullet RAY-USD
HTX RAY-USDT
BloFin RAY-USDT
Orderly PERP_RAY_USDC
Lighter RAY